Real estate in the US is a lucrative business and continues to be that way as more and more people put their houses and businesses up for sale in the hopes of moving into a bigger building or downsizing.
If you are one of these people and you are about to put your commercial building in the market, there are a few things you need to do when it comes to preparing it for the real estate sale.
You want to start off on the right foot when it comes to the real estate market and making the building more desirable is one way to do just that.
Curb appeal is so important when it comes to selling a home or a commercial property. The exterior and the landscaping are the first things potential buyers notice as they pull up. Make sure to mow the lawn, trim the shrubbery, and make sure all the landscaping looks its best.
Clean, Clean, Clean
Going alongside the landscaping, you also want to make sure the exterior is cleaned up and clutter-free. If the outside looks immaculate, potential buyers will be that much more excited to see the inside.
Make All Necessary Repairs
If any repairs need to be done and you have been putting them off, well, now is the time to cross everything off your list. In a buyer's market such as we see today in Lafayette, you want to make sure that there are no significant issues that will distract a potential buyer. For example, broken windows, holes in the walls, or a leaky roof.
Energy Saving Options
Having some energy-efficient options in place before selling can help boost your chances. Yes, there will be a small upfront cost involved, but you can make it back with the sale of the property, as long as it is done right.
Automatically being able to control the heating and cooling system and being able to shut off all the lights when the building is not in use are all attractive energy-saving options for potential buyers.
And now we are back to the roof. You may have already ruled out a leak, but you still need to have the roof inspected to ensure there are no glaring problems that need to be addressed before you can sell.
Once you have followed the above advice and you feel like you are ready to put your building up for sale, you need to learn how to market yourself. To sell commercial real estate, you need to have connections in the community. Visit networking events, build up your contacts, and let people know that you have a building they may be interested in.
You should also be sure to set only realistic expectations when it comes to selling your commercial property. You should take the time to work with other business owners in the area and continue to market your property.
For more information on commercial real estate, contact the experts at Titan Lafayette Real Estate today.